Board of Directors Meeting
Total Page:16
File Type:pdf, Size:1020Kb
Load more
Recommended publications
-
THE FALSE PANACEA of CITY CHARTERS? a POLITICAL PERSPECTIVE on the CASE of TORONTO Andrew Sancton
Volume 9 • Issue 3 • January 2016 THE FALSE PANACEA OF CITY CHARTERS? A POLITICAL PERSPECTIVE ON THE CASE OF TORONTO Andrew Sancton SUMMARY Toronto is unlike any other city, as its local boosters will not hesitate to point out. That was the basis, after all, of the “charter movement” that demanded special rights for a mega-city that the movement’s backers insisted was so vital that it even warranted a status similar to that of an entire province. Their efforts culminated in the province’s passage in 2006 of the City of Toronto Act, which appeared on its face to grant the metropolis the power it believed it required and merited. In reality, the Ontario government may have actually set Toronto back, leaving it more at the mercy of provincial power than other smaller municipalities. The few additional taxation powers that were granted by the ostensible Toronto “charter” — the City of Toronto Act — are, in reality, still overseen by the province, which retains the right to limit those revenue tools if it considers it “desirable in the provincial interest to do so.” But while Toronto may have been given just a small number of revenue tools, which it has used only sparingly, and the use of those tools is ultimately decided by Queen’s Park, their very existence has given the province licence to sidestep the city’s calls for more funding. The provincial Liberals have, in the past, insisted that Toronto make use of its own taxes before it demands more provincial funds. Meanwhile, the City of Toronto Act did nothing to curtail the power of the Ontario Municipal Board (OMB). -
TORONTO PORT AUTHORITY (Doing Business As Portstoronto) MANAGEMENT's DISCUSSION & ANALYSIS – 2017 (In Thousands of Dolla
TORONTO PORT AUTHORITY (Doing Business as PortsToronto) MANAGEMENT’S DISCUSSION & ANALYSIS – 2017 (In thousands of dollars) May 3, 2018 Management's discussion and analysis (MD&A) is intended to assist in the understanding and assessment of the trends and significant changes in the results of operations and financial condition of the Toronto Port Authority, doing business as PortsToronto (the “Port Authority” or “TPA”) for the years ended December 31, 2017 and 2016 and should be read in conjunction with the 2017 Audited Financial Statements (the “Financial Statements”) and accompanying notes. Summary The Port Authority continued to be profitable in 2017. Net Income (excluding the gain on the sale of the 30 Bay Street/60 Harbour Street Property) for the year was $6,368, slightly down from $6,684 in 2016. This MD&A will discuss the reasons for changes in Net Income year over year, as well as highlight other areas impacting the Port Authority’s financial performance in 2017. The Port Authority presents its financial statements under International Financial Reporting Standards (“IFRS”). The accounting policies set out in Note 2 of the Financial Statements have been applied in preparing the Financial Statements for the year ended December 31, 2017, and in the comparative information presented in these Financial Statements for the year ended December 31, 2016. Introduction The TPA was continued on June 8, 1999 as a government business enterprise under the Canada Marine Act as the successor to the Toronto Harbour Commissioners. The Port Authority is responsible for operating the lands and harbour it administers in the service of local, regional and national social and economic objectives, and for providing infrastructure and services to marine and air transport to facilitate these objectives. -
390 Bay Street
Ground Floor & PATH Retail for Lease 390 Bay Street Eric Berard Sales Representative 647.528.0461 [email protected] RETAIL FOR LEASE 390 BAY ST 390 Bay Street CITY HALL OLD CITY EATON - CENTRE N.P. SQUARE HALL Queen St FOUR SEASONS CENTRE FOR THE PERFORMING ARTS University Ave Richmond St Wine Academy Bay St Bay York St York Yonge St Yonge Sheppard St Sheppard Church St Church Adelaide St FIRST CANADIAN PLACE SCOTIA PLAZA King St TORONTO DOMINION CENTRE COMMERCE COURT WALRUS PUB Wellington St ROYAL BANK BROOKFIELD PLAZA PLACE View facing south from Old City Hall OVERVIEW DEMOGRAPHICS (3KM, 2020) 390 Bay St. (Munich RE Centre) is located at northwest corner 702,631 of Bay St. and Richmond St. W within Toronto’s Financial Core. DAYTIME POPULATION It is a BOMA BEST Gold certified 378,984 sf A-Class office tower, with PATH connected retail. 390 Bay is well located with connec- $ $114,002 tivity to The Sheraton Centre, Hudson’s Bay Company/Saks Fifth AVG. HOUSEHOLD INCOME Avenue, Toronto Eaton Centre and direct proximity to Nathan Phillips Square and Toronto City Hall. Full renovations have been 182,265 completed to update the Lobby and PATH level retail concourse. HOUSEHOLDS RETAIL FOR LEASE 390 Bay Street "Client" Tenant Usable Area Major Vertical Penetration Floor Common Area Building Common Area UP DN UP DN Version: Prepared: 30/08/2016 UP FP2A Measured: 01/05/2019 390 Bay Street Toronto, Ontario 100 Floor 1 FHC ELEV GROUND FLOOR AVAILABILITY DN ELEC. UP ROOM ELEV ELEV DN Please Refer to Corresponding ELEV MECH. -
Portstoronto to Sell Head-Office Property at 30 Bay Street to Oxford Properties and CPPIB
PortsToronto to Sell Head-Office Property at 30 Bay Street to Oxford Properties and CPPIB Historic Toronto Harbour Commission building to be restored and maintained in any future development planned for property Proceeds of sale paid to PortsToronto will be directed towards paying down debt and making infrastructure investments Toronto (May 1, 2017) – PortsToronto today announced that it has sold its property at the corner of 30 Bay and 60 Harbour Streets to Oxford Properties Group (Oxford) and Canada Pension Plan Investment Board (CPPIB), who will each own a 50 per cent stake. The historic Toronto Harbour Commission building, which currently serves as headquarters for PortsToronto and is located on the site along with a surface parking lot, will be restored and maintained as part of any future development plan. The sale closed today and the transaction is valued at $96 million, a portion of which will be payable over the next three years. The proceeds from this sale will be used to support PortsToronto’s federal mandate to manage operations on a self-sustaining basis in order to reinvest funds into marine safety, environmental protection, community programming, and transportation infrastructure. The federal Minister of Transport has granted an amendment to PortsToronto’s Letters Patent to enable the sale to close. “The South Core is a burgeoning area for business and residential development in Toronto given its optimal location, public transit access and amenities,” said Robert Poirier, Chair of the Board, PortsToronto. “We are pleased that this sale will provide for future opportunities that will improve utilization of the property which is consistent with PortsToronto’s federal mandate and governing Letters Patent. -
GTHA Investment Report February 2019
GTHA Investment Report February 2019 FOR MORE INFORMATION, PLEASE CONTACT: Ryan McAskile Vice President, Broker | Private Capital Investment Group Direct: 416 791 7237 Mobile: 416 725 2703 [email protected] Accelerating Success. Welcome to the February edition of the GTHA Investment Report, the most Top 10 Transactions for February 2019 comprehensive overview of GTHA investment sales activity in the market. Asset Type Property Municipality Region Price Unit Price / Unit Office Dynamic Funds Tower Toronto Toronto $473,000,000 Square Feet $728 Total transaction volume for the month of February was Office 56 Wellesley Street West Toronto Toronto $98,000,000 Square Feet $454 approximately $1.63 billion across all asset classes. Toronto saw Res Land 77 River Street & Labatt Avenue Toronto Toronto $54,400,000 Acres $40,597,015 the most activity at $1.04 billion followed by York at $214 million. Res Land 7082 Islington Avenue Vaughan York $35,000,000 Acres $1,105,042 Office sales had the highest transaction volume amongst asset classes at $640 million followed by residential land and ICI land at Apartment 15 Walmer Road Toronto Toronto $30,000,000 Units $384,615 $336 million and $251 million, respectively. The largest transaction Industrial 185 William Smith Drive Whitby Durham $27,500,000 Square Feet $135 for the month of February was the office sale of the Dynamic Office Warden City Centre Markham York $26,520,000 Square Feet $208 Funds Tower at 1 Adelaide St E for $473 million. Retail 4916 - 4946 Dundas Street West Etobicoke Toronto $26,500,000 Square Feet $602 This month we feature THE HUB, Oxford Properties and CPPIB’s Res Land 250 Lawrence Avenue West & 219 Glengarry Avenue Toronto Toronto $26,000,000 Acres $18,181,818 proposed 1.4 million-square- foot, 60-storey office tower at 30 Industrial 2301 - 2311 Royal Windsor Drive Mississauga Peel $25,750,000 Square Feet $126 Bay Street. -
181 Bay Street, Toronto Office for Sub-Sublease
181 BAY STREET, TORONTO OFFICE FOR SUB-SUBLEASE PREMIER SHORT TERM SHARED SPACE SUB-SUBLEASE OPPORTUNITY AT A LANDMARK TORONTO ADDRESS FOR MORE INFORMATION PLEASE CONTACT ASHLAR URBAN REALTY INC. Real Estate Brokerage 166 Pearl Street, Suite 300 Toronto, ON Canada M5H 1L3 T 416 205 9222 F 416 205 9228 W ashlarurban.com TORONTO’S URBAN COMMERCIAL REAL ESTATE EXPERTS CLARKE STRUTHERS* JOEL GOULDING Vice President Sales Representative 416 205 9222 ext 254 416 205 9222 ext 251 [email protected] [email protected] Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. Ashlar Urban Realty Inc. *Sales Representative 181 BAY STREET PROPERTY SUMMARY 181 Bay Street, also known as Brookfield Place, is an office complex in downtown Toronto that is considered one of North America’s truly great people places. It consists of two towers, Bay Wellington Tower and TD Canada Trust Tower, which are linked by the six-storey Allen Lambert Galleria. Located in the heart of the financial district, it houses the world’s most prestigious financial, commercial, and legal firms, as well as the Hockey Hall of Fame. Brookfield Place is a green building that has been awarded a Gold level of certification in the Leadership in Energy and Environmental Design (LEED®) Existing Buildings: Operations and Maintenance program. Being connected to the underground PATH pedestrian walkway system, major hotels, retail and entertainment centres are just footsteps away. -
The Rotary Club of Toronto Volume 106 | Issue 11 | October 12, 2018
The Rotary Club of Toronto Volume 106 | Issue 11 | October 12, 2018 Today’s Program Host MARK THE DAY! Toronto Mayor John Tory Don Bell, Past President 2000-01 Topic Leadership That Works, Location OCTOBER 22, 2018 - CLUB ASSEMBLY A conversation with John Tory The National Club, Shape our future! Together we can realize our continued 303 Bay St. success and growth: Road Map 20/20! Part of our strategic plan is to determine a focus. Do we have one? Do we need As the 65th Mayor of Toronto, John to create one? If we already have one do we need to re- Tory has led the way in tackling traffic invigorate our focus, celebrate it, brand it, promote it? congestion and building transit. Let’s talk about it October 22 at the Annual Club Assembly. Mayor Tory has taken action to reduce commute times while moving forward 5:30 -8:00 The National Club. Cost one lunch ticket. with Toronto’s first-ever network transit Register through the office. plan that will see subway lines extended through the northwest end of the city This is a member only event. It is your club and we need into Vaughan and east to Scarborough, your thoughts as to where and how we go forward. a significant expansion of the LRT network, and much greater use of GO lines across the city as part of SmartTrack, the Mayor’s signature transit initiative. Since being elected to office in 2014, he has been focused on ensuring Toronto remains a livable and affordable city, leading City Council in passing successive budgets that kept taxes at or below the rate of inflation while investing in priority services including housing, parks and student nutrition. -
Subway Vs. Light Rail Transit
Thesis Inquiry Paper Subway vs. Light Rail Transit Submitted by: Fahad Khan Prepared for: Prof. Krantzberg Submission Date: September 19th, 2011 Table of Contents Table of Contents ................................................................................................................. i List of Tables ..................................................................................................................... iii List of Figures .................................................................................................................... iv 1. Abstract ........................................................................................................................... 1 2. Background and Motivation ........................................................................................... 2 3. Central Question ............................................................................................................. 3 4. Anticipated Findings ....................................................................................................... 5 5. Methods, Results and Discussion ................................................................................... 6 5.1 Overview ................................................................................................................... 6 5.2 LRT Model (Transit City) ......................................................................................... 7 5.2.1 Public Opinion ................................................................................................... -
2017 Annual Report
Annual Report 2017 Investing Today for Tomorrow AVAILABLE IN THESE FORMATS PRINT WEBSITE MOBILE © Toronto Port Authority 2018. All rights reserved. To obtain additional copies of this report please contact: 60 Harbour Street, Toronto, ON M5J 1B7 Canada PortsToronto The Toronto Port Authority, doing business as Communications and Public Affairs Department PortsToronto since January 2015, is a government 60 Harbour Street business enterprise operating pursuant to the Toronto, Ontario, M5J 1B7 Canada Marine Act and Letters Patent issued by Canada the federal Minister of Transport. The Toronto Port Phone: 416 863 2075 Authority is hereafter referred to as PortsToronto. E-mail: [email protected] 2 PortsToronto | Annual Report 2017 Table of Contents About PortsToronto 4 Mission and Vision 5 Message from the Chair 6 Message from the Chief Executive Officer 8 Corporate Governance 12 Business Overview Billy Bishop Toronto City Airport 14 Port of Toronto 18 Outer Harbour Marina 22 Real Estate and Property Holdings 24 Four Pillars 26 City Building 27 Community Engagement 30 Environmental Stewardship 40 Financial Sustainability 44 Statement of Revenue and Expenses 45 Celebrating 225 years of port activity 46 About PortsToronto The Toronto Port Authority, doing business as and hereinafter referred to as PortsToronto, is a federal government business enterprise that owns and operates Billy Bishop Toronto City Airport, Marine Terminal 52 within the Port of Toronto, the Outer Harbour Marina and various properties along Toronto’s waterfront. Responsible for the safety and efficiency of marine navigation in the Toronto Harbour, PortsToronto also exercises regulatory control and public works services for the area, works with partner organizations to keep the Toronto Harbour clean, issues permits to recreational boaters and co-manages the Leslie Street Spit site with partner agency the Toronto and Region Conservation Authority on behalf of the provincial Ministry of Natural Resources and Forestry. -
700 BAY STREET Toronto, ON
700 BAY STREET Toronto, ON BentallGreenOak (Canada) Limited Partnership, Brokerage bentallgreenoak.com 700 BAY STREET Toronto, ON LOCATION: 700 Bay Street, Toronto, ON MAJOR INTERSECTION: Gerrard Street West and Bay Street TYPE: Mixed Use TOTAL GLA: 184,314 square feet DEMOGRAPHICS (2022 PROJECTIONS): 1 km 3km 5km Population 60,869 372,593 663,217 Total Households 35,018 205,341 340,322 Household Average Income $84,964 $134,603 $140,965 MARKET SUMMARY: 700 Bay Street is located at the corner of Gerrard Street West and Bay Street, just steps from the subway, with bus stops in the immediate area. Excellent access and egress being close to the Gardiner Expressway and Don Valley Parkway for those who drive, with public parking available in surrounding areas and monthly spot rental at the property. The building is close to the University of Toronto and Queens Park as well as a wide variety of retail shops and restaurants. This is the ideal location for professionals in the medical, legal, financial and insurance fields. 700 BAY STREET Toronto, ON UNIT TENANT SQ FT 1 Shoppers Drug Mart 5,337 2 Available 1,202 3 Management Office 2,219 5 Future Development 350 7 Available October 1, 2019 579 8 Future Development 49 9 Future Development 684 15 Hollywood Cleaners 342 17 Enterprise Rent‐A‐Car 554 The information contained herein has been obtained from sources deemed to be PROFESSIONALLY LEASED AND MANAGED BY: reliable but does not form part of any future contract and is subject to BENTALLGREENOAK (CANADA) LIMITED PARTNERSHIP, BROKERAGE independent verification by the reader. -
Resource Package
WHAT’S NEW AT THE ZOO Part 2 Resource Package TABLE OF CONTENTS NOTE TO EDUCATOR ............................................................................................ 3 TORONTO ZOO RESOURCES ................................................................................. 3 GIANT PANDAS – TELUS PANDA CAM ................................................................... 4 WESTERN LOWLAND GORILLA ............................................................................... 5 THINK BEYOND THE SCIENCE CURRICULUM ............................................................ 7 ENRICHMENT ....................................................................................................... 8 ALL ABOUT BATS ............................................................................................... 10 GIANT PANDAS - A GIANT CELEBRATION .............................................................. 11 2 NOTE TO EDUCATOR The Toronto Zoo’s Education Branch is pleased to provide you with the What’s New at the Zoo Resource Package – Part 2, which we hope will provide you with ideas on how to spark your students’ curiosity about the natural world, as well as how to incorporate the Toronto Zoo and conservation into your classroom. This resource package, along with Part 1, is a compilation of the articles highlighting wildlife and on-going conservation efforts at the Toronto Zoo, along with associated classroom connections, that have been published in the monthly Educator e-Newsletter since fall 2013. The classroom connections cover a variety -
Toronto Island Heritage Study
) / () A ()I Toronto Island Heritage Study Date: August 17, 2006 Prepared by: f. ll . J\. Architects Inc. I 0 St. Mary Street, Ste. 80 I Toronto, Ontario M4Y lP9 ( ' I 0 St. Ma,·y St., Suite 80 I Toronto, Canada, M4Y I P9 r •J !\ 416 963.4497 T !~J ~-~ ~ 416963.8761 F Architects Inc. August 17, 2006 City of Toronto Heritage Preservation Services 100 Queen Street West, 2nd Floor Toronto, Ontario M5H 2N2 Dear Brian Gallaugher: This study was undertaken for the Toronto Island Community Association with funding assistance provided by the City of Toronto Parks, Forestry and Recreation Division. It builds on the ideas and policy initiatives of the Island Principles drafted in 2002 by a group of the Toronto Island residents and City staff. The tangible and intangible attributes of Toronto Island constitute a significant landscape of historical and cultural value. This study recommends that a framework of a cultural heritage landscape be established as the most appropriate method for recognizing and maintaining this cultural resource for the City of Toronto. Under the Planning Act, the 2005 Provincial Policy Statement defines a cultural landscape as: a defined geographical area of heritage significance which has been modified by human activities and is valued by a community. It involves a grouping(s) of individual heritage features such as structures, spaces, archaeological sites and natural elements, which together form a significant type of heritage form, distinctive from that of its constituent elements or parts .. Currently, the only mechanism the City of Toronto has For the protection of this type of resource is through the application of a Heritage Conservation District under the Ontario Heritage Act.